What's next for the Renewable Energy Target – resolving Australia's integration of energy and climate change policy?. (1st November 2021)
- Record Type:
- Journal Article
- Title:
- What's next for the Renewable Energy Target – resolving Australia's integration of energy and climate change policy?. (1st November 2021)
- Main Title:
- What's next for the Renewable Energy Target – resolving Australia's integration of energy and climate change policy?
- Authors:
- Nelson, Tim
Nolan, Tahlia
Gilmore, Joel - Abstract:
- Abstract : Australian climate change policy and its integration with Australia's electricity markets have been fraught for at least two decades. The only enduring policy has been the Commonwealth Renewable Energy Target (RET). Despite the relative success of the RET in driving investment and reducing emissions, state governments have now pivoted towards contracts‐for‐difference (Cfds). In this article, we outline the issues associated with policy discontinuity and the large‐scale RET and review its effectiveness as an emissions reduction tool and driver of electricity sector abatement. We find that the RET has been relatively successful across the key criteria of cost and emissions reductions and is a better policy instrument than contracts‐for‐difference, which are increasingly being adopted by state governments. Building on the work of Nelson et al. (2020), we propose a new approach, which would allow for continued use of Cfds but utilising the RET's policy architecture.
- Is Part Of:
- Australian journal of agricultural and resource economics. Volume 66:Number 1(2022)
- Journal:
- Australian journal of agricultural and resource economics
- Issue:
- Volume 66:Number 1(2022)
- Issue Display:
- Volume 66, Issue 1 (2022)
- Year:
- 2022
- Volume:
- 66
- Issue:
- 1
- Issue Sort Value:
- 2022-0066-0001-0000
- Page Start:
- 136
- Page End:
- 163
- Publication Date:
- 2021-11-01
- Subjects:
- electricity market -- production subsidy -- variable renewable energy
Agriculture -- Economic aspects -- Periodicals
Agriculture -- Environmental aspects -- Periodicals
Natural resources -- Periodicals
Agriculture -- Economic aspects -- Australia -- Periodicals
Natural resources -- Australia -- Periodicals
338.1 - Journal URLs:
- http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-8489 ↗
http://onlinelibrary.wiley.com/ ↗ - DOI:
- 10.1111/1467-8489.12457 ↗
- Languages:
- English
- ISSNs:
- 1364-985X
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 1801.880000
British Library DSC - BLDSS-3PM
British Library STI - ELD Digital store - Ingest File:
- 20420.xml